Smart Talk Explores Impact of Crowdfunding on Startups

PHILADELPHIA–(October 23, 2013) – What do the new regulations on crowdfunding mean for startups? On October 24, the University City Science Center will address the issue during a Smart Talk program that will explore how the SEC’s ruling will impact how startup companies raise money and who that funding comes from.

September 23, 2013 was a milestone for the U.S. capital markets, when the new SEC rules on crowdfunding went into effect. For the first time, small companies and entrepreneurs can raise money directly from the public using newspaper advertisements, Facebook pages, and other means of “general solicitation,” without going through brokers or other middlemen.

Markley Roderick, shareholder, Flaster Greenberg PC will give an overview of the new crowdfunding rules, considerations that should be made by startups before initiating a crowdfunding campaign and who can and cannot invest in an early-stage company. Mihir Shah, founder & CEO of UE Life Sciences will share his experience soliciting investments through We Must Try, a crowdfunding campaign for low-cost breast cancer screening services focused on developing countries.

Smart Talk is a quarterly Science Center program that gives startup and growing companies a look at best practices and business strategies from industry leaders in the region. Smart Talk is co-sponsored by Deloitte LLP and the University City Keystone Innovation Zone.

Smart Talk will begin at 8:30 a.m. on October 24 with registration and continental breakfast. The program will run from 9:00 – 10:30 a.m. There is no charge for the event which will take place in the Quorum space at the University City Science Center, 3711 Market Street, Suite 800, Philadelphia, PA 19104. Space is limited and advance registration is required. Online registration is available at: http://calendar.cal.basecampbusiness.com/node/536283.

About The Science Center
The University City Science Center is a dynamic hub for innovation, and entrepreneurship and technology development in the Greater Philadelphia region. It provides business incubation, programming, lab and office facilities, and support services for entrepreneurs, start-ups, and growing and established companies. The Science Center was the first, and remains the largest, urban research park in the United States. Since it was founded in 1963, graduate organizations and current residents of the University City Science Center’s Port business incubators have created more than 15,000 jobs that remain in the Greater Philadelphia region today and contribute more than $9 billion to the regional economy annually. The Science Center is celebrating its 50th anniversary in 2013. For more information: http://www.sciencecenter.org.

About Quorum
Quorum is a strategic initiative of the University City Science Center that is designed to unite the region’s entrepreneurship and innovation communities through a central gathering space and related programs that enable idea generators to meet, share and learn, promoting the success of companies, individuals and the Philadelphia region.

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Categories: Crowdfunding

Author:NJ Tech Council

The New Jersey Tech Council helps companies grow and supports the tech, innovation and entrepreneurial ecosystems in the state and region.

NJTC TechWire

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